JAKARTA (Yosefardi) – Property developer PT Pakuwon Jati Tbk (PWON) will spend more funds for acquiring lands and projects in the second half.
It has recently raised US$168 million, equivalent Rp2 trillion. Part of bond proceeds will be also used to refinance debts and supporting workign capital.
PWON said its debt scheduled to mature this year amounts Rp400 billion. The company’s long term bank loan totals Rp1.28 trillion. PWON also has bond debt of Rp613.35 billion scheduled to mature by 2016.
PWON however targets a conservative marketing sales this year.